In 2002, an Impasse Resulted in a Costly 10-Day Lockout

The White House on Saturday said it would intervene in stalled labor talks at West Coast ports, sending the Labor secretary to meet with both parties and urge them to complete a new contract and avoid further slowdowns.

Fears have mounted in recent days that the Pacific Maritime Association, which represents employers, and the International Longshore and Warehouse Union may be at an impasse. In 2002, stalled negotiations between the two groups resulted in a 10-day lockout, costing the economy an estimated $1 billion a day...